One xPolyCub Holder to One Vote - xPolyCub Governance Vote on my Mind + How to Become Part of the xPolycub Governance Structure
Have you ever participated in an election and after the election process, you now ask yourself if your vote really count. It's very annoying to see that your votes don't count in a voting process most especially in an election.
In any event, let's go straight to the focus of this post, which is understanding how the newly introduced xPolyCub governance voting works and what to do in order to participate in the decision making process on the PolyCUB project.
It should be noted that one of the characteristics of a person with integrity is in keeping to their words and making sure that their words doesn't fall to the ground.
During the preceding AMA's before the PolyCUB airdrop launch, the @leofinance team have said much about governance and governance utilities, although during that period the full picture of what this means wasn't unveiled.
Building an xPolycub governance structure means keeping to their words. Many crypto sites have projected several governance utility tokens without actually having it developing any governance structure that'll operate the utility.
Why Initiate the First xPOLY Proposal
After seeing a lot of feedback from the community since the launch of PolyCUB, many have said that the 90 day claim window is basically an eternity in crypto.
This is quite true. In 90 days, everything can change in crypto. This makes it quite difficult to earn predictable yield and impatience often gets the better of us.Source
So, it's pertinent to seek the advice of the xPolycub holders to get a consensus through voting for the number of days to claim rewards. The proposal is looking at 3 possible periods, 90, 30, and 15 Days respectively.
It's worthy to note that the newly introduced xPolyCub governance utility is on a test running stage at the moment, which will serve the purpose of knowing how the actual governance will work.
A few things to keep in mind:
- Make sure you cast your vote from your address holding xPOLYCUB tokens
- Each address can only vote once. Multiple votes will not count
- Once cast, you cannot change your vote. Ensure you double-check before broadcasting your TX
- Voting is stake-weighted based on how much xPOLYCUB you hold - the more xPOLYCUB in your wallet, the more valuable your vote will be
- The vote will close exactly 5 days from when this post goes live (April 25th at Noon EST)
One of the timely information released by the LeoFinance team is the fact that the higher your xPOLY stake more value your vote create. This is a big opportunity to increase your xPOLY stake before the end of the PolyCUB airdrop.
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People don't realize how real it's gunna get when the airdrop ends and the claim window gets changed.
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That's the truth about the matter and it'll surprise many when the airdrop ends. Thanks for stopping by.
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I am interested to see what's going down!!! A few more days to wait!
What do you think will happen?
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It will be interesting. The emissions will start to drop at the same time.
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I haven't been able to get into xpoly yet, but I hope to do it soon before it's too late.
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Well, if you feel it is too late, keep in mind that when you hold cub within the 3 vaults that granted you the polygon airdrop, you will have that chance again when Cub repeats this same play on another network!!!
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It's very important you do so, time is actually of the essence. Thanks for stopping by.
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That's interested for people that have xpolycub. But the 90 days is far. Things can change in the market within two weeks.
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You're right and this is the mean reason that xPolycub holders are invited to cast their votes to unanimously agree on the time frame.
Thanks for stopping by.
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Thank you. Is necessary to cast the vote
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Like some have said before, your vote is counted by who ever counts the votes... so in a typical election where people vote, you can be assured that your vote will be counted, but only if it benefits the person that was pre-selected to take the role of the "would be elected'.
It's pretty much a false sense of hope, to keep the people thinking they can change their world through voting. It keeps us at bay.
Here, on polygon, the more xpolygon you own the stronger your vote is when compared to someone with very little xpolygon. Is it counted fairly I would hope so. But what remains true is that this voting mechanism should bring in more value to the polycub ecosystem.
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The fact still remains that the more your xPOLY, the more value you create in terms of your vote. This can also lead you to set more goals towards staking more xPOLY.
To me this is just a single aspect of earning from xPolycub stake. In a general perspective, PolyCUB is still a yield optimizing platform.
Thank you for stopping by. I truly value your opinion and I appreciate your presence.
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Ah thank you so much for that! It's nice to be appreciated!!!
It's a nice incentive that should, in theory, make people stake more to xpolygon.
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I am very glad to read this post and its contents. Since inception I have believed that the 90 day lock period was just too damn long.
Now that we will have a vote upcoming, I'm curious as to how many others feel the same about this as me.
Thanks!
!hivebits
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what are the pros and cons of each claim option? How do we know how to vote?
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